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Informal traders often face significant challenges, including lack of access to formal financial services, which limits their ability to secure funding and manage cash flow. They also encounter regulatory hurdles, such as fines and harassment from authorities, which can disrupt their operations. Additionally, competition from formal businesses and the lack of infrastructure, like reliable market spaces and utilities, hinder their ability to thrive. Lastly, informal traders may struggle with limited access to information and networks, impacting their market reach and growth opportunities.

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2w ago

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